ABiz -> Acadiana Business FRI, FEB 25 10:25AM by Heather Miller

Business First expanding mortgage market

The recent purchase of a Baton Rouge mortgage company by Business First Bank is bringing mortgage loan services to its Baton Rouge offices and will eventually add mortgage loan personnel to its one branch in Lafayette, according to the Lafayette branch’s president.

Business First’s Lafayette branch President Mike Guidroz says the bank’s buying of US CapitalCorp, which has provided residential mortgage loans to East Baton Rouge Parish since 2002, will enable Business First clients statewide to utilize the mortgage services through its Baton Rouge office. The Baton Rouge acquisition also will help in the bank’s plans to bring mortgage loan services and a mortgage staff to its Lafayette branch.

US CapitalCorp and Business First worked together before the purchase, according to a release from Business First; the acquisition will allow Business First to expand the US CapitalCorp market and client base.

Business First, a Baton Rouge-based bank headed by former Louisiana Gov. and potential 2012 presidential candidate Buddy Roemer, was started in 2005 as a business-centered bank and currently has branches in Baton Rouge, Houma, Thibodaux, the northshore of New Orleans and Northwest Louisiana.

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